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Broadcom earnings reinforce selective optimism in global tech
Broadcom’s quarterly earnings beat estimates and lifted sentiment, highlighting investor preference for profitable technology firms amid cautious positioning toward AI-heavy stocks.
Semiconductor major Broadcom delivered a strong fiscal fourth quarter performance, beating market expectations on both earnings and revenue. The company reported adjusted earnings of $1.95 per share compared with estimates of $1.87, while revenue rose to $18.02 billion versus forecasts of $17.47 billion. Broadcom also issued first quarter guidance that exceeded analyst projections, supporting confidence in demand visibility.